The Idea Transformation Fellowship Program provides funding and hands-on support past the accelerator stage to startup companies, helping them get to the critical point where they can obtain follow-up funding or support themselves through earned revenue. Transformation Fellowships are awarded for a period of up to one year, and funding can total up to $100,000. Investments take the form of a convertible note. Applicants should be prepared to reside in Western Pennsylvania, and must intend for their company to be primarily based in Western Pennsylvania.
Who is eligible?
Early stage startup companies who need help getting to the critical point where they can obtain follow-on funding or support themselves through earned revenue.
Applications should be based on an idea for which necessary research has been completed and initial development has resulted in a prototype or detailed design specification. Less mature concepts are not a good fit for Idea Foundry’s model and will not fare as well.